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Dual US/Australian Citizen and 401k Queston

Dual US/Australian Citizen and 401k Queston

Old Mar 4th 2022, 12:41 pm
  #1  
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Default Dual US/Australian Citizen and 401k Queston

Hello.

I am a dual US/Australian citizen that will be retiring to Australia at the end of this year. I was wondering if anyone here is drawing from their 401k account - if so, do you pay taxes on the amount withdrawn in Australia and them claim it as a foreign tax credit when filing your US taxes?

Thank you in advance.
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Old Apr 27th 2022, 9:11 am
  #2  
fth
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Location: SYD again, formerly PRG, LON, HKG, SIN, SYD & DOH
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Default Re: Dual US/Australian Citizen and 401k Queston

No idea - there are a few forums on Facebook for US / Australian tax questions that can point you in the right direction. Fix the Australia/US Tax Treaty is one of them.
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